Segall Bryant & Hamill LLC Takes Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Segall Bryant & Hamill LLC bought a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,958 shares of the industrial products company’s stock, valued at approximately $1,910,000. Segall Bryant & Hamill LLC owned 0.17% of Hyster-Yale Materials Handling at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HY. EntryPoint Capital LLC bought a new stake in shares of Hyster-Yale Materials Handling in the 1st quarter worth approximately $27,000. Covestor Ltd lifted its position in Hyster-Yale Materials Handling by 21,350.0% in the third quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 427 shares during the period. Quest Partners LLC lifted its position in Hyster-Yale Materials Handling by 6,692.3% in the second quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 870 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth $67,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in Hyster-Yale Materials Handling by 67.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock valued at $83,000 after buying an additional 548 shares during the period. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Stock Up 2.5 %

Shares of NYSE:HY opened at $56.79 on Friday. The company’s fifty day moving average is $61.49 and its 200-day moving average is $66.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. Hyster-Yale Materials Handling, Inc. has a 52 week low of $47.01 and a 52 week high of $84.44. The company has a market capitalization of $994.28 million, a PE ratio of 6.37 and a beta of 1.32.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. During the same quarter last year, the firm earned $2.06 earnings per share. Equities research analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.47%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 15.71%.

Hyster-Yale Materials Handling declared that its Board of Directors has initiated a stock buyback plan on Monday, November 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

HY has been the subject of a number of analyst reports. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Roth Mkm cut their price target on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com lowered Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.00.

Hyster-Yale Materials Handling Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.